$2,197 Closing Credit*
$185,000
1,038 SqFt
3 Beds
•2 Full Baths
Michael A Ferrante, Listing Office: Century 21 Homestar
Is Willoughby, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Willoughby has remained a Seller's Market.
Key Takeaway
Willoughby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willoughby, OH
How much do homes in Willoughby, OH cost?
Median Sold Price
$260,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,333(+9.4%)
Key Takeaway
Homes in Willoughby have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Willoughby was $260,000 in November 2024, up 9.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $17K | N/A |
| 2 Bedrooms | $145K | $158.5K | +9.3% |
| 3 Bedrooms | $235K | $245.1K | +4.3% |
| 4 Bedrooms | $397K | $372.1K | -6.3% |
| 5+ Bedrooms | $595K | $399.9K | -32.8% |
Summary: Willoughby housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Kirtland | $320K | $368.5K | +15.2% |
| Eastlake | $175K | $195.4K | +11.7% |
| Willoughby | $237.6K | $260K | +9.4% |
| Willoughby Hills | $298.9K | $322K | +7.7% |
Housing Supply in Willoughby, OH
How many homes are available in Willoughby, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 116 | -4.1% |
Summary: The Willoughby real estate market had 116 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 61 | 56 | -8.2% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Willoughby housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willoughby, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Willoughby in November 2024, down by 7.7% month-over-month. Of the 24 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for Willoughby, OH
How long does it take to sell a home in Willoughby, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -19.3% |
Summary: Homes in Willoughby had an average of 27 days on market in Nov 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Willoughby are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Willoughby; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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